Definition, Meaning & Synonyms
liquidation
noun
/ˌlɪkwɪˈdeɪʃən/
Definition
The process of settling a company’s financial obligations by selling off its assets.
Examples
- After months of struggling financially, the company announced its liquidation.
- The liquidation of the assets took place as they aimed to pay off creditors.
- During the liquidation process, a discount sale was held to clear inventory.
Meaning
Liquidation refers to the act of converting assets into cash or cash equivalents, typically in the context of a business that is shutting down operations.
Synonyms
- dissolution
- closure
- wind-up
- termination
- sell-off
